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British Pound bags a soft PCE and forgets about it
The Personal Consumption Expenditures Price Index (PCE) print Sterling traders had been waiting for landed in the bears' lap, and the Pound did almost nothing with it. Core PCE rose 0.2% on the month against a 0.3% consensus, the softest monthly read in three.
Fxstreet
Thu, May 28
NZD/USD Price Forecast: Breaks range, bulls target 0.5950 as RSI turns
The New Zealand Dollar advances some 0.48% on Thursday after bottoming near the 200-day Simple Moving Average (SMA) at 0.5836. Over the last two trading days, it cleared the 0.5900 milestone, supported by a hawkish hold by the Reserve Bank of New Zealand (RBNZ).
Fxstreet
Thu, May 28
Japanese Yen strengthens as US-Iran truce headlines pressure the US Dollar.
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Thursday, with USD/JPY snapping a five-day winning streak as the Greenback loses traction following reports that the US and Iran had reached a preliminary agreement to extend the current truce.Fxstreet
Thu, May 28
Australian Dollar climbs as Iral deal hopes, weak US GDP sinks USD
The Australian Dollar advances some 0.25% on Thursday on reports that Iran and the US reached a deal, as economic data in the US revealed that the economy grew at a slower pace than projected. At the time of writing, the AUD/USD trades at 0.7158, after bouncing off daily lows of 0.7097.Fxstreet
Thu, May 28
British Pound bounces as US-Iran reach a deal, hitting the US Dollar
The British Pound pares some of its earlier losses and edges up by 0.08% amid reports that the US and Iran reached a deal, pending confirmation from US President Donald Trump, according to Axios. At the time of writing, the GBP/USD trades at 1.3437 after bouncing off daily lows of 1.3367.Fxstreet
Thu, May 28
Euro rebounds from intraday lows as US Dollar loses momentum after PCE data
EUR/USD trims earlier losses on Thursday as traders digest a slew of US economic data that eases demand for the US Dollar (USD) despite heightened geopolitical tensions in the Middle East. At the time of writing, the pair is trading around 1.1627, rebounding from an intraday low of 1.1586.Fxstreet
Thu, May 28
Canadian Dollar: Bearish bias near 1.39 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret notes that the Canadian Dollar (CAD) is soft against the US Dollar (USD), with USD/CAD trading near fresh local highs in an environment of mild risk aversion linked to renewed US/Iran tensions.
Fxstreet
Thu, May 28
South Korean Won: Hawkish BoK and undervaluation support – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/KRW has eased back toward 1500 after briefly trading above 1510, as the Bank of Korea (BoK) delivered a hawkish hold and signaled its next move is likely a hike.Fxstreet
Thu, May 28
Silver Price Forecast: XAG/USD recovers after US PCE data while bearish structure remains intact
Silver (XAG/USD) recovers on Thursday as the US Dollar (USD) eases following the latest US Personal Consumption Expenditures (PCE) data. At the time of writing, XAG/USD is trading around $734.11, rebounding after hitting a one-month low near $71.79 earlier in the day.Fxstreet
Thu, May 28
GBP/USD Price Forecast: Resumes decline after facing selling pressure above 20-day EMA
The GBP/USD pair trades 0.2% lower to near 1.3400 during the European trading session on Thursday. The pair is broadly under pressure due to fears of a resumption of the Middle East war after the exchange of attacks between the United States (US) and Iran.Fxstreet
Thu, May 28
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